COMEX:GC1!   Gold Futures
308 7 10
A possible double zz correction then up again .
Comment: another possibilty in 1 hour , a flat correction .
in both cases triangle or flat in 1 hour interval , a breakdown of 1124.3 is expected before possioble move up . keep eye on it :
Comment: 1 hour
Comment: 1 hour analysis , was a double ZZ . a strong move down is expected unless we trase above wave 4 at 1165.42
Fully agree, a zigzag is a possibility, But I am quite certain gold will go around 1100
@saif12, we are watching a sharp move down . still in downtrend . Looking for a possible buy position once this wave is finished .
+1 Reply
saif12 hussain9
@hussain9, Hello Hussain,
Yes and No. Yes it will keep going down, but
I am not sure there will be a sharp move down, I think it will stay slow motion down for quite some time. The final destination is still to come, though when the decline stop, I am expecting a nasty reversal. So I will be watching carefully the reversal point.
Good luck
@saif12, I am with this counting , its most close to me of the double ZZ correction , watching a suddun reverse up once we break up the down chaneel :
+1 Reply
saif12 hussain9
@hussain9, Just be careful, For me, I am not expecting such sharp reversal anywhere before end of Feb. 2017. But you never know, So trade what you see.

But for me, it is a done deal, I am not longing Gold anytime soon.
@saif12, Sure brother , nothing certine yet . price action will decide with time . all are prdictions
@saif12, 1 hour interval . possible triangle or a flat correction . :
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out